Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Thousands of farmers owed up to $5,800 of petrol duty refund

NZIFDA: Thousands of farmers owed up to $5,800 of duty refund on off-road farm petrol.

Thousands of farmers and contractors are owed money on fuel used by off-road farm vehicles – and should make a claim before they miss out.

An average dairy farmer who uses 5,000 litres per annum on off-road petrol will get an excise duty refund of $2,900 per annum.

Almost any commercial off-road fuel usage includes an on-road tax (or duty) of up to $0.58 cents/litre that can be refunded back to the farmer.

Fuel duty refunds can be backdated for up to two years and the refund can be quite significant.

But the process to obtain a refund is complex and your application will be rejected if the application is not correctly presented.

NZIFDA (www.nzifda.org) provide an entitlement guide to work out if farmers are owed a refund.

If eligible, farmers can open an account with NZIFDA (this costs $55+GST) and lodge a claim. From here, NZIFDA’s helpful and friendly staff will work to gather the information needed to support a claim and file that claim with the NZTA.

NZTA pays NZIFDA directly and claims are paid out on the 5th of each month following, less the NZIFDA processing fee of 12.5%+GST.

Farmers need to visit www.nzifda.org to work out if they are entitled to a refund, apply for an account, and lodge their refund through NZIFDA.

Ends.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news